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AECOM (ACM) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 6, 2025
AECOM (ACM) reported revenue of $3.8B for the second quarter fiscal 2025 (Q2 FY25), -4% from a year earlier and -6% from the quarter before. Operating margin was 6.8%, net earnings $143M (3.8% of revenue).
AECOM, Q2 FY25: revenue $3.8B (-4% year over year), operating margin 6.8%, net earnings $143M, operating cash flow $191M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.8B | -6% | -4% |
| Gross profit | $291M | +8% | +11% |
| Operating profit | $258M | +8% | +28% |
| Net earnings | $143M | -14% | 142× |
| Operating cash flow | $191M | +26% | +102% |
| Free cash flow | $178M | — | +141% |
What changed
Revenue was $3.8B in Q2 FY25, down 4% year over year and down 6% from the previous quarter.
Gross margin was 7.7%, up 1.1 points from a year earlier. Operating profit was $0.26B, a 6.8% margin (up 1.7 points year over year). Operating expenses fell 45% while revenue fell 4%. Net earnings were $0.14B, up 14140% year over year. The effective tax rate was 24.3%.
Operating cash flow was $0.19B (up 102% year over year), 120% of net income including minority interests. Non-cash charges added back $0.04B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.02B. After capital expenditures, net ($0.01B), free cash flow as the company reports it was $0.18B.
Questions
What was AECOM's revenue in the second quarter fiscal 2025?
AECOM (ACM) reported revenue of $3.8B for the second quarter fiscal 2025 (Q2 FY25), -4% from a year earlier and -6% from the quarter before.
Was AECOM profitable in the second quarter fiscal 2025?
Operating profit was $258M (6.8% of revenue) and net earnings $143M.
Source: AECOM 10-Q on SEC EDGAR.